Excelerate Energy (NYSE:EE) Raised to Buy at Wall Street Zen

Excelerate Energy (NYSE:EE) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Excelerate Energy in a research note on Wednesday, October 8th. DNB Markets set a $31.00 price target on Excelerate Energy in a report on Wednesday, September 10th. Morgan Stanley set a $30.00 price target on Excelerate Energy and gave the company an “equal weight” rating in a research report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group set a $37.00 target price on Excelerate Energy and gave the company a “buy” rating in a research note on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.38.

Excelerate Energy Stock Performance

NYSE EE traded down $0.64 on Friday, reaching $27.55. The stock had a trading volume of 698,069 shares, compared to its average volume of 515,750. The stock has a market cap of $3.14 billion, a P/E ratio of 19.13 and a beta of 1.38. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $32.99. The business’s 50-day moving average price is $25.53 and its 200 day moving average price is $26.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.60 and a current ratio of 2.39.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.13. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The business had revenue of $245.16 million for the quarter, compared to analysts’ expectations of $270.82 million. The firm’s revenue was up 102.2% compared to the same quarter last year. As a group, equities analysts expect that Excelerate Energy will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jackson Creek Investment Advisors LLC purchased a new stake in Excelerate Energy during the first quarter worth $1,400,000. Deutsche Bank AG raised its stake in shares of Excelerate Energy by 254.4% during the 1st quarter. Deutsche Bank AG now owns 69,003 shares of the company’s stock worth $1,979,000 after buying an additional 49,531 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Excelerate Energy in the 1st quarter worth about $7,102,000. Virtu Financial LLC purchased a new stake in shares of Excelerate Energy in the 1st quarter worth about $381,000. Finally, CenterBook Partners LP acquired a new stake in Excelerate Energy in the 1st quarter valued at about $381,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.